Smarty_Pants

What Would GDP Be Without the Fed?

Cash for Clunkers (CFC) - loose translation: "Destroy perfectly good used vehicles so GM can build new replacement vehicles."

Anyone remember the book "Brave New World"?

"Ending is better than mending.* "

* A government slogan encouraging people to throw away old possessions and buy new ones, thus theoretically keeping the global economy strong.

Reality is even worse than the book. The gub'mint only handed out slogans in the book, not the money to spend like we with CFC.

If you want a forecast for future GDP try reading some predictions by Gerald Celente of the Trends Research Institute:

trendsresearch.com/for...

Look over his past predictions and see how amazingly well he has done at hitting the nail on the head, then read what he thinks about the near future.

www.infowars.com/celen...

The gub'mint can massage the numbers all they want. Until and unless they stop printing money to prevent failing businesses to go under, things will continue to worsen over time.

Count on it.